Overview of Raionzumanshon Shima Kokorozashi (ライオンズマンション志真志)
Raionzumanshon Shima Kokorozashi (ライオンズマンション志真志) is a 31-year-old condominium located at Ginowan Shi Ginowan 3 Choume 21-7 (宜野湾市宜野湾3丁目21-7), Okinawa, Japan. Built in 1995, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Nanyou Doken (南洋土建).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 880〜2,098万円 (approx. $58,667–$139,867 USD at ¥150/$).
Unit sizes range from 53.2–70.6 sqm (573–760 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.3万/sqm (approx. $2,685/sqm or $249/sqft).
Location & Neighborhood
The property is located at Ginowan Shi Ginowan 3 Choume 21-7 (宜野湾市宜野湾3丁目21-7), Okinawa, Japan. It is a 81-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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